Pledge of Stock Etc. (a) The Company hereby pledges, assigns, grants to the Trustee a security interest in (A) the number of shares of HHI Stock set forth on Annex A hereto, currently held by the Original Trustee, (B) the number of shares common and preferred Brookwood Stock currently held by The Bank of New York ("BONY"), as collateral agent for the Original Trustee under the Intercreditor Agreement, dated as of January 7, 1997, between BONY and the Original Trustee, and (C) the number of shares of BSH Stock to be held by Bank One, N.A., as agent ("Bank One"), as collateral agent for the Original Trustee under the Intercreditor Agreement, dated as of ________, 1998, between Bank One and the Trustee, all for the benefit of the holders from time to time of the Securities, subject to the terms and conditions hereinafter set forth. The certificates for such shares, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by the Company, have been delivered to the Original Trustee or the Trustee, as appropriate, or their respective agents (including BONY and Bank One). The pledge and assignment of the HHI Stock is junior and subordinate to the pledge and assignment thereof to the Original Trustee pursuant to the Original Pledge Agreement and is subject to the terms and conditions contained in the Original Indenture and the Original Pledge Agreement; and the pledge and assignment of the Brookwood Stock is junior and subordinate to the pledges and assignments thereof to (i) The Bank of New York as security for the Company's guaranty of certain indebtedness of BCI to The Bank of New York and (ii) the Original Trustee pursuant to the Original Pledge Agreement and subject to the terms and conditions contained in the Original Indenture and the Original Pledge Agreement.
(b) In case the Company shall acquire any additional shares of a class of capital stock of any corporation (i) all or a portion of the shares of such class of which have been pledged pursuant to Section 1(a) above and (ii) which is a wholly-owned subsidiary of the Company, or the successor of any such corporation, or any securities which are exercisable or exchangeable for or convertible into shares of such capital stock of any such corporation, by purchase or otherwise, then the Company shall forthwith pledge such number of shares or other securities to the Trustee under this Agreement and deliver such number of shares or other securities to the Trustee or the Original Tr...
Pledge of Stock Etc. The Pledgor hereby pledges, assigns, grants a security interest in, and delivers to the Company, to secure the Obligations (as defined below), all of his right, title and interest in and to the Shares to be held by the Company subject to the terms and conditions hereinafter set forth. The certificates for such Shares, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by the Pledgor, are being delivered to the Company contemporaneously herewith. The Pledgor also hereby pledges, assigns, grants a security interest in, and delivers to the Company, to secure the Obligations, all of his right, title and interest in and to any and all sums or other property (including, without limitation, any additional shares of the capital stock of the Company and any shares of the capital stock of any issuer) paid or distributed upon or with respect to any of the shares of the capital stock of the Company or any other issuer pledged hereunder from time to time, regardless of whether any such sums or other property are paid or distributed by dividend or redemption, upon liquidation or dissolution, or otherwise.
Pledge of Stock Etc. The Pledgor hereby pledges, assigns, grants a security interest in, and delivers to the Pledgee, to secure the Obligations, all of the Pledgor's right, title and interest in and to 471,698 shares of Common Stock held by the Pledgor (the "Pledged Shares"), to be held by the Pledgee subject to the terms and conditions ------- ------ hereinafter set forth. The certificate(s) for the Pledged Shares, accompanied by a stock power or other appropriate instrument of assignment thereof duly executed in blank by the Pledgor, are being delivered to the Pledgee contemporaneously herewith. Notwithstanding anything to the contrary set forth herein, if for any reason the Pledgee fails or refuses to make the Post-Closing Loan to the Pledgor on or before April 15, 1999, the Pledgee will immediately thereafter return to the Pledgor forty percent (40%) of the Pledged Shares (the "Returned Pledged Shares"), provided, however, that if the Pledgee subsequently -------- ------- ------ -------- makes the Post-Closing Loan to the Pledgor, the Pledgor will contemporaneously therewith re-pledge the Returned Pledged Shares to the Pledgee to secure the Post-Closing Loan.
Pledge of Stock Etc. As security and collateral for the payments already due and payable and of all and any of the Liabilities, and for the due performance and compliance by the Borrower with all of the terms and provisions of the manufacturing agreement relating to the Liabilities of Borrower to Secured Party, and for the due performance and compliance with by the Pledgor of all of the terms and provisions of this Agreement, the Pledgor hereby delivers, sets over, transfers, pledges, grants a security interest in and assigns to Secured Party all of its right, title and interest in and to the Stock now or hereafter owned by the Pledgor and any other securities or property (including cash) paid or distributed in respect of said Stock by way of stock-split, spin-off, split-up, reclassification, combination of shares or similar corporate rearrangement, and all other or additional stock or other securities or property (including cash) which may be paid or distributed in respect of the any of the foregoing by reason of any consolidation, merger, exchange of stock, conveyance of assets, liquidation or similar corporate reorganization, all dividends, distributions and other proceeds thereof (certificates evidencing the present shares owned by Pledgor, accompanied by stock powers duly executed in blank by the Pledgor, having been delivered to Secured Party or it’s agent), and any proceeds thereof, to be held by Secured Party upon the terms and conditions set forth in this Agreement. All Stock at any time pledged or required to be pledged hereunder is hereinafter called the "Pledged Stock", and the Pledged Stock, together with all other securities and moneys received and at the time held by Secured Party hereunder and all dividends, distributions and proceeds thereof, is hereinafter called the "Collateral".
Pledge of Stock Etc. (1) The Company hereby pledges, assigns, grants a security interest in, and delivers to the Lender, all of the shares of capital stock of the Subsidiaries of every class, as more fully described on Annex A hereto, to be held by the Lender subject to the terms and conditions hereinafter set forth. The certificates for such shares, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by the Company, have been delivered to the Lender.
(2) In case the Company shall acquire any additional Stock of any Subsidiary not set forth on Annex A or additional shares of the capital stock of any Subsidiary or corporation which is the successor of any Subsidiary, or any securities exchangeable for or convertible into shares of such capital stock of any class of any Subsidiary, by purchase or otherwise, then the Company shall forthwith deliver to and pledge such shares or other securities to the Lender under this Agreement. The Company agrees that the Lender may from time to time attach as Annex A hereto an updated list of the shares of capital stock or securities at the time pledged with the Lender hereunder.
Pledge of Stock Etc. Pledge of Stock. The Company hereby pledges, assigns, grants a security interest --------------- in, and delivers to the Collateral Agent, for the benefit of the Noteholders, all of the shares of capital stock of the Subsidiary of every class, as more fully described on Annex A hereto, to be held by the Collateral Agent, for the ----- - benefit of the Noteholders, subject to the terms and conditions hereinafter set forth. The certificates for such shares, accompanied by undated stock powers or other appropriate instruments of assignment thereof duly executed in blank by the Company, have been delivered to the Collateral Agent.
Pledge of Stock Etc. (a) The Company hereby pledges, assigns, grants to the Trustee or its agent a security interest in the number of shares of Stock to be held by the Trustee hereunder and under the Indenture, all for the benefit of the holders from time to time of the Securities, subject to the terms and conditions hereinafter set forth. The certificates for such shares, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by the Company, have been delivered to the Trustee.
(b) In case the Company shall acquire any additional shares of a class of capital stock of any corporation (i) all or a portion of the shares of such class of which have been pledged pursuant to Section 1(a) above and (ii) which is a wholly-owned subsidiary of the Company, or the successor of any such corporation, or any securities which are exercisable or exchangeable for or convertible into shares of such capital stock of such corporation, by purchase or otherwise, then the Company shall forthwith pledge such number of shares or other securities to the Trustee under this Agreement and deliver such number of shares or other securities to the Trustee or its agent in connection therewith as represents the same proportion to the number of shares or securities being acquired as the number of shares (including shares which securities are exercisable or exchangeable for or convertible into) of such class previously pledged hereunder bears to the number of shares (including shares which securities are exercisable or exchangeable for or convertible into) of such class owned by the Company immediately prior to such acquisition by the Company. The Company agrees that the Trustee may from time to time attach as Annex A hereto an updated list of the shares of capital stock or securities at the time pledged with the Trustee hereunder.
(c) The Company also hereby pledges, assigns, grants a security interest in, and delivers to the Trustee the Cash Collateral Account and all of the Cash Collateral, as such terms are hereinafter defined.
Pledge of Stock Etc. (b) Upon the Pledgor's repayment of any part of the Obligations, the Company agrees to release the pledge pursuant to this Agreement of the pro rata portion of the Shares corresponding to the proportionate amount of the Obligations that have been repaid by the Pledgor.
Pledge of Stock Etc. (a) The Company hereby pledges, assigns, grants a security interest in, and delivers to the Lender its shares of capital stock of Brightec in an amount equal to 100% of the all shares of capital stock of the Company (the “Stock”), more particularly described in Exhibit “A” hereto, to be held by the Lender subject to the terms and conditions hereinafter set forth. The certificates for such shares, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by the Company, have been delivered to the Lender.
(b) In case the Company shall acquire any securities exchangeable for or convertible into shares of such capital stock of any class of the Company, by issuance, purchase or otherwise, then the Company shall forthwith deliver to and pledge such shares or other securities to the Lender under this Agreement. The Company agrees that the Lender may from time to time attach to Schedule A hereto an updated list of the shares of capital stock or securities at the time pledged with the Lender hereunder.
Pledge of Stock Etc. Stockholder hereby pledges, assigns, -------------------- grants a security interest in, and delivers to Monroe, all of the shares of capital stock of Monroe set forth on Exhibit A hereto, to be held by Monroe --------- subject to the terms and conditions hereinafter set forth. The certificates for such shares, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by Stockholder, have been delivered to Monroe.
